Africa’s only atomic plant bets $1.2bn on a 2nd life

(MENAFN – Gulf Times) Eskom Holdings SOC Ltd, South Africa’s indebted power utility, started a billion-dollar round of investments in Africa’s oldest and only nuclear power plant before getting permission from safety regulators that the reactor’s lifetime can be extended. The decision to begin installing new steam generators at the Koeberg plant near Cape Town …

Grossi predicts a dozen new nuclear countries by 2030

A “solid group” of 10-12 countries building nuclear power plants for the first time will emerge in the next decade, International Atomic Energy Agency Director General Rafael Mariano Grossi told OECD Nuclear Energy Agency Director General William Magwood in a WebChat last week. Bangladesh, Belarus, Egypt, Turkey and the UAE are among the nuclear newcomers, …

Export demand set to pick up

Commentators believe demand for local major exports will likely increase as the country pins its hopes on international trade and world output to recover from a disastrous 2020. According to Postrick Mushendami, deputy director of macro models and financial stability at the Bank of Namibia, the global economy is projected to rebound by close to …

Fuel assembly loading progressing at first Hualong One reactor in Fujian

Fuel assembly loading activities at Fuqing nuclear power plant, China’s first nuclear facility using Hualong One technology-a domestically developed third-generation reactor design-are expected to accelerate China’s nuclear power construction despite the impact of COVID-19, said insiders. China National Nuclear Corp recently announced that it has begun to load fuel at the No 5 nuclear power …